Submitted on Thursday 3rd September 2015
Published on Monday 7th September 2015
Current status: Closed
Closed: Monday 7th March 2016
Signatures: 12
Tagged with
Limit credit cards to 10% of annual salary preventing people getting into debt.
Limit credit card limits to 10% of a persons annual salary to prevent people getting into debt they cant possibly afford.Also limit overdrafts to 5% of a persons annual salary for same reason, that way at any one time someone cannont have more than 15% of their salary on short term borrowing.
Make banks and loan companys accountable to carry out checks to see what other loans or credit a person has before issuing cards with high limits also ban the automatic increases that credit cards put on card annually, additional limits should have to be applied for not automatically given.Increase the minimum payments to 5% of the cards total as a bare minimum repayment each month.
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3.22.242.169 Wed, 25 Dec 2024 20:43:00 +0000
